Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (539)	10/21/1997 10:13:00 PM
From: pat w.	Read Replies (1) \| Respond to of 29970

Bill, since you went on bear camp for ATHM at 28 7/16. what price do you think it may decline to ?

To: Bill Wexler who wrote (539)	10/21/1997 11:26:00 PM
From: yihsuen	Read Replies (1) \| Respond to of 29970

Bill, You seem to be a value player and really understand the fair value of a stock, for example, ATHM at $5. Now, could you sort of estimate how much dose it worth for ATHM's excusive rights to access 75% of the cable modem subscription market in this country and x% of that in Canada? I mean the value of the RIGHTS. Your thought will be greatly appreciated. YihSuen

To: Bill Wexler who wrote (539)	10/22/1997 12:57:00 AM
From: Paul Weiss	Respond to of 29970

Bill-- If you're short ATHM, I'd suggest doing some research. Your statements are terribly flawed, and thus I assume your reasoning. My limited experience with shorts is that they know the situation cold, have made calculated investments. That you miss so many of the details, makes me doubt that you're actually short this one. So what exactly is your motivation... I don't get what it is you want? Personally, if ATHM hit $10 (not your $5), I'd sell the house, car, furniture, everything but my computer and cable service, to buy all the shares I could. Since I have absolutely no investment in ATHM at this time, I can only hope that the price falls to a level that I can rationally accept. Looks like the momentum folks are sniffing around, so it may be quite a while before I find my 'value'. Regards, Paul

To: Bill Wexler who wrote (539)	10/22/1997 1:28:00 AM
From: Frost Byte	Read Replies (1) \| Respond to of 29970

Did you also short AOL at $30 last year? Your arguments remind me of those posted about a year ago, detailing the demise of AOL. I've got three words for you regarding @HOME: READ THE PROSPECTUS Your assumptions regarding cash flows, future capital expenditures, and At Home's relationship with its cable partners are grossly inaccurate.

To: Bill Wexler who wrote (539)	10/22/1997 1:55:00 AM
From: sepku	Read Replies (2) \| Respond to of 29970

>>>The cable companies are going to invest enormous amounts of cash on new infrastructure and @home does not bear any risk...it just sits back and collects the profits. Yeah...that's the ticket!<<< The cable companies would be positioned to profit greatly from success in cable modem Net access. They stand to retain 65% of subscriber revenue, with the remaining 35% going to ATHM. After the infrastructure is in place, @Home will handle the rest -- providing the service, technical support, maintenance, and all other concerns. So it sounds like a pretty tidy arrangment to me. >>>Even if the cable companies get a good cut from each @home subscriber, I seriously doubt that they are jumping at the chance to spend even more money that they don't have to compete with the telco's.<<< That is exactly my concern. Currently the greatest near-term threat to the cable companies is satellite broadcasting. Therefore, in order to better position themselves to compete, they must already invest in the build-up of their infrastructure to rapidly expand the range of their channel offerings. So considering their massive debt, there is obvious reluctance to increase these expenditures in the upgrading of the infrastructure needed to support 2-way infromation flow for Internet access. But there is another reason why this might be exactly what they MUST do at the same time they are investing in increasing their channel offerings...the satellite broadcasting companies are also investing in satellite Internet access services as a means for entering the attractive market of high-speed Internet access. This would provide them with a whole other revenue source that could help fund further advances into gaining cable tv marketshare. Cable companies must broaden their horizons to stay competitive. Also, I don't see cable modem Internet access as competing with the telco's at all...the reason being that anyone considering cable modem, is likely most interested in high-speed access and performance at a competitive price. The telco ISPs offer measly standard modem speeds only now reaching 56Kbps. The ISDN alternatives are prohibitively priced at twice cable modem costs, for only a tiny fraction of cable speeds. High-speed Net access alternatives are in their own market. To say cable will compete with the current telco standard being built around 56K, is like saying the market for Ford Escorts competes with the Lexus LS400. I believe cable will compete with ADSL and satellite...but I believe cable will prevail because of highest speed, lowest cost, and the advantage of being present in 9/10 homes in America. >>> Have you examined the balance sheets of companies like TCI lately?<<< I agree...TCI serves my area (central FL), and is indeed heavily burdoned with debt like its peers. However, keep in mind that they do offer @Home cable modem services to 5% of their customers. So they ARE investing in the infrastructure necessary, regardless of the debt. Style Pts.

To: Bill Wexler who wrote (539)	10/22/1997 1:37:00 PM
From: Tom	Read Replies (1) \| Respond to of 29970

Bill, What do you think of TCIVA? the stock is trading at about $24. It's got the ATHM component in it along with many other securities. You have 70% of the stock value in public securities which is worth about $25 right now, and you also have Sprint PCS which is worth about $7.........and many people feel they will sell off it's Teleport (telephone) position. with this stock you get Internet,Telephone,Cable, and International cable..........a soft landing approach to ATHM which I also feel will be a long term winner.............but recognize that the cable guys have already delayed making the conversion required. Good Trading Tom Conwell